Intel, FTC seek antitrust settlement

Intel and the Federal Trade Commission are in settlement talks, according to a statement released by Intel.

Intel made the following statement Monday afternoon: "Lawyers for the Federal Trade Commission (FTC) and Intel Corporation today filed a joint motion to suspend administrative trial proceedings while the parties consider potential settlement of the case originally filed by the FTC on Dec. 16, 2009."

The statement continued: "The motion opens a window through July 22, 2010, during which time the parties will review and discuss a proposed consent order. The terms of the proposed consent order are confidential and Intel will make no additional public comment on the matter at this time." If a settlement is reached with the FTC, it would obviate the need for a trial slated for September.

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